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Can you summarize LAAC Title 42, Part III, Chapter 27, Section 2723?
Accounting Regulations > Internal Controls; Slots
Short Summary
This document, part of the Louisiana Administrative Code, provides regulations and guidelines for the internal controls and procedures related to slot machines and electronic gaming devices in the gaming industry. It specifies that any reference to slot machines or slots includes all electronic gaming devices. The regulations outline the requirements for processing jackpot payouts, including the use of jackpot payout forms and the information that must be included on these forms. It also mandates the use of multi-part jackpot payout slips and the information that must be recorded on these slips. The document further covers the procedures for slot fills, slot drops, and currency acceptor drops, including the transportation, counting, and reconciliation processes. The regulations emphasize the need for accurate record-keeping, security measures, and compliance with division seals and testing requirements for large jackpots. The document applies to licensees and casino operators in the gaming industry in Louisiana.
Whom does it apply to?
Licensees and casino operators
What does it govern?
Internal controls and procedures for slot machines and electronic gaming devices
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Louisiana